Sky Harbour Group (NYSEAMERICAN:SKYH) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities initiated coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a research note issued to investors on Tuesday, Marketbeat reports. The firm issued an outperform rating and a $16.00 price target on the stock.

Sky Harbour Group Stock Down 9.4 %

SKYH opened at $11.33 on Tuesday. Sky Harbour Group has a 12-month low of $4.31 and a 12-month high of $13.60. The company has a market cap of $759.45 million, a price-to-earnings ratio of -7.76 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. Sky Harbour Group had a negative net margin of 222.44% and a negative return on equity of 6.82%. The company had revenue of $3.62 million during the quarter.

Hedge Funds Weigh In On Sky Harbour Group

A number of institutional investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. increased its holdings in shares of Sky Harbour Group by 20.2% during the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after purchasing an additional 9,100 shares in the last quarter. Apis Capital Advisors LLC purchased a new position in shares of Sky Harbour Group during the 2nd quarter valued at approximately $92,000. Rhumbline Advisers purchased a new position in shares of Sky Harbour Group during the 2nd quarter valued at approximately $103,000. Bank of New York Mellon Corp purchased a new position in shares of Sky Harbour Group during the 2nd quarter valued at approximately $271,000. Finally, Caprock Group LLC increased its holdings in shares of Sky Harbour Group by 8,485.4% during the 1st quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock valued at $14,253,000 after purchasing an additional 1,103,098 shares in the last quarter. 14.75% of the stock is owned by hedge funds and other institutional investors.

Sky Harbour Group Company Profile

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.